Consumption function/Definition

This article contains just a definition and optionally other subpages (such as a list of related articles), but no metadata. Create the metadata page if you want to expand this into a full article.

Consumption function [r]: The relation between consumption and income, and in particular the tendency (other things being equal) for consumption to rise less rapidly than income because of a growing tendency to save (sometimes referred to as a falling marginal propensity to consume)